Another benefit of Obama care?

But not to worry, I'm sure these companies will just take it on the chin...GO OBAMACARE!!! This is just the beginning, it doesn't even kick in until 2013 Who see this as a good thing? excerpt... Starting in 2013, companies that provide prescription-drug benefits for retirees under Medicare can no... show more But not to worry, I'm sure these companies will just take it on the chin...GO OBAMACARE!!!
This is just the beginning, it doesn't even kick in until 2013

Who see this as a good thing?

excerpt...
Starting in 2013, companies that provide prescription-drug benefits for retirees under Medicare can no longer deduct this subsidy from their taxes, due to the federal health-care overhaul signed into law on March 23.


Since companies had created an asset based on these expected deductions, they will now need to take a charge to reflect the fall in the asset's value.


The following companies have announced the amount of their health-care-related charges. Search the subject code N/HCC for the latest news on this topic.
Walgreen Co. (WAG)-- sees charge of $44 million, or 5 cents a share, in 3Q
Medtronic Inc. (MDT)-- $14.8 million, or 1 cent a share, in 4Q
Central Vermont Public Service Corp. (CV) -- $700,000 in 1Q
Edison International (EIX) -- 12 cents a share in 1Q
Vectren Corp. (VVC) - $2.3 million in 1Q
OGE Energy Corp. (OGE) -- $11 million in 1Q
Unum Group (UNM) -- $10.2 million in 1Q
Frontier Communications Corp. (FTR) -- $4.1 million in 1Q
Ameren Corp (AEE) -- $13 million in 1Q
Qwest communications International Inc. (Q) -- 8 cents a share in 1Q
Progress Energy Inc. (PGN) -- 8 cents a share in 1Q
R.R. Donnelley & Sons Co. (RRD) -- $3.3 million in 1Q
SPX Corp.(SPW) --$6.2 million, or 12 cents a share, in 1Q
USEC Inc. (USU)-- $6.5 million in 1Q
Teco Energy Inc. (TE) -- $1.1 million in 1Q
Pfizer Inc. (PFE) -- $270 million in 1Q
Andersons Inc. (ANDE) -- $1.5 million in 1Q
EMC Insurance Group Inc. (EMCI) -- $800,000, or 6 cents a share, in 1Q
Blount Inc. (BLT) -- $1.7 million in 1Q
Alliant Energy Corp. (LNT) -- 6 cents a share in 1Q
Martin Marietta Material Inc.(MLM) -- $2.8 million in 1Q
Otter Tail Corp. (OTTR) -- $1.7 million, or 5 cents a share, in 1Q
Bristol-Myers Squibb Co. (BMY) -- 3 cents a share in 1Q
Weyerhaeuser Co. (WY) -- $31 million, or 15 cents a share, in 1Q
Procter & Gamble Co. (PG) -- 5 cents a share in 3Q
Schlumberger Ltd. (SLB) -- $40 million in 1Q
Eli Lilly & Co. (LLY) -- 35 cents a share in 2010
Armstrong World Industries Inc. (AWI) -- $21.6 million in 1Q
Allete Inc. (ALE) -- $3.6 million in 1Q
ITT Corp. (ITT) -- $10 million in 1Q
Tesoro Corp. (TSO) -- $7 million in 1Q
Dun & Bradstreet Corp. (DNB) -- 26 cents a share in 1Q
Cummins Inc. (CMI) -- $7 million in 1Q
Ashland Inc. (ASH) --$19 million charge, or 23 cents a share, in 2Q
L-3 Communications Holdings Inc. (LLL) -- $5 million, or 4 cents a share, in 1Q
Pactiv Corp. (PTV) -- $3 million, or 2 cents a share, in 1Q
Lee Enterprises Inc. (LEE) -- $2 million in 2Q
Temple-Inland Inc. (TIN) -- $7 million or 7 cents a share, in 1Q
Biogen Idec Inc. (BIIB) -- $13 million in 1Q
W.W. Grainger Inc. (GWW) -- $11 million, or 15 cents a share, in 1Q
Exxon Mobil Corp. (XOM) -- 4 cents a share in 1Q
Brinks Co. (BCO) -- 28 cents a share in 1Q
American Electric Power Co. (AEP) -- $21 million in 1Q
Clearwater Paper Corp. (CLW) -- 37 cents a share in 1Q
Empire District Electric Co. (EDE) -- $2.1 million in 1Q
Allegheny Technologies Inc. (ATI) -- $5.3 million in 1Q
Potlach Corp. (PCH) -- $3 million, or 7 cents a share, in 1Q
Norfolk Southern Corp. (NSC) -- $27 million, or 7 cents a share, in 1Q
Ecolab Inc. (ECL) -- $5 million in 1Q
3M Co. (MMM) -- 11 cents a share in 1Q
Caterpillar Inc. (CAT) --$90 million in 1Q
Humana Inc. (HUM) -- 4 cents a share in 1Q
Merck & Co. (MRK) -- $147 million in 1Q
Schlumberger Ltd. (SLB) -- $40 million in 1Q
Chubb Corp. (CB) -- 7 cents a share in 1Q
Deluxe Corp. (DLX) -- 7 cents a share in 1Q
PepsiCo Inc. (PEP) -- $40 million in 1H
Reynolds American Inc. (RAI)--9 cents a share in 1Q
Altria Inc. Group Inc. (MO) -- 1 cent a share in 1Q
Deluxe Corp. (DLX) -- 7 cents a share in 1Q
Sherwin-Williams Co. (SHW) -- 10 cents a share in 1Q
Baxter International Inc. (BAX) -- 7 cents a share in 1Q
Boeing Co. (BA) -- $150 million in 1Q; cut 2010 view by 20 cents a share
Johnson & Johnson (JNJ) --sees 2010 earnings cut by 10 cents a share
Hormel Foods Corp. (HRL) --5 cents a share in 2Q
Eli Lilly & Co. (LLY) --12 cents a share in 1Q
Gannett Co. (GCI)--$2.2 million in 1Q
MetLife Inc. (MET) -- $75 million in 1Q
PPG Industries (PPG) -- $85 million, or 51 cents a share, in 1Q
United States Steel Corp. (X) -- $27 million in 1Q
CNH Global NV (CNH) -- $20 million in 1Q
AT&T Inc. (T) -- $1 billion in 1Q
Verizon Communications Inc.(VZ) -- $970 million in 1Q
Carpenter Technology Corp.(CRS) -- 13 cents a share in 3Q
Ingersoll-Rand Co. Ltd. (IR) -- $41 million in 1Q
Lockheed Martin Corp. (LMT) -- $96 million or 25 cents a share, in 1Q
Valero Energy Corp. (VLO) -- $15 million to $20 million in 1Q
Deere & Co. (DE) -- $129.5 million, or 30 cents a share, in 2Q
Prudential Financial (P
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